The national average 30-year rate took a couple of steps lower to 6.09% this week, according to Freddie Mac. However, this week's better-than-expected jobs report pushes future Fed rate cuts back again. So, what does this mean for the 2026 housing market? Will mortgage rates go down more? Are mortgage rates dropping? Mortgage rates have trended lower over the past few months, stabilizing recently. As of February 12, Freddie Mac reported that the average 30-year fixed-rate mortgage rate was 6.09%. This ...